OSLO, NORWAY: Elop AS and Nordic Infrastructure Group AS (N.I Group) have agreed the principal terms of an agreement where Elop is to acquire 100 percent of the shares in N.I Group. Elop and N.I GROUP have agreed to the principal terms of an agreement where Elop will take over all of the shares in…
KONGSBERG to acquire satellite manufacturer NanoAvionics
OSLO, NORWAY: Kongsberg Defence & Aerospace has entered into an agreement to acquire Lithuanian smallsat mission integrator and bus manufacturer NanoAvionics. The planned acquisition expands KONGSBERG’s space offering to also have products and technology for manufacturing small satellites, a bourse filing noted. NanoAvionics is a leading smallsat mission integrator and bus manufacturer with significant global…
Huddlestock Fintech acquires Trac Services and Tracs Technology
OSLO, NORWAY: Huddlestock Fintech AS, a provider of innovative technology solutions to the capital markets, treasury, and wealth management industries, announced that a final and binding agreement to acquire 100% of the shares of Trac Services AS and Tracs Technology AS, as well as their regulatory licenses, has been signed. The highly complementary acquisition adds…
SensOre Ltd to acquire Intrepid Geophysics for $5.0 million
SYDNEY, AUSTRALIA: SensOre Ltd (ASX: S3N) has reached an agreement to acquire Intrepid Geophysics, a leading provider of geophysics software and services headquartered in Melbourne, Australia with distributors and resellers globally. The deal will be primarily funded through the issue of new fully paid ordinary SensOre shares. Intrepid Geophysics’ advanced automated geophysical software and geoscience…
Dacian Gold Limited and Genesis Minerals Limited to merge
SYDNEY, AUSTRALIA: Dacian Gold Limited announced the proposed merger of Dacian and GenesisMinerals Limited by way of a unanimously recommended off-market takeover bid by Genesis for allof the fully paid ordinary shares in Dacian (Dacian Shares) (Offer). Under the Offer, subject to the satisfaction or waiver of the conditions set out in Annexure A to…
ARB Corporation appoints Lachlan McCann as CEO
SYDNEY, AUSTRALIA: The Board of ARB Corporation Limited announced the appointment of Mr Lachlan McCann as Chief Executive Officer of ARB, effective immediately. Mr McCann is a long-time employee of ARB, commencing with the Company in 2001. He has provided consistently strong leadership in various roles across ARB’s global operations including as Managing Director of…
AstraZeneca to acquire TeneoTwo Inc for $100 million
LONDON, UK: AstraZeneca has signed agreement to acquire TeneoTwo Inc., including its Phase I clinical-stage CD19/CD3 T-cell engager, TNB-486, currently under evaluation in relapsed and refractory B-cell non-Hodgkin lymphoma. AstraZeneca will acquire all outstanding equity of TeneoTwo in exchange for an upfront payment of $100m on deal closing, a statement noted. The acquisition of TNB-486…
Dotdigital Group appoints John Conoley as non-executive chair
LONDON, UK: Dotdigital Group plc (AIM: DOTD), the leading ‘SaaS’ provider of an omnichannel marketing automation and customer engagement platform, has appointed John Conoley to the Board as Non-Executive Chair, effective immediately. Michael (Mike) O’Leary, current Chair, will as previously indicated retire from the Board from today. John brings to Dotdigital significant Board level experience…
Elis acquires leading flat linen and workwear producer in Mexican market
SAINT-CLOUD, PARIS: Elis has announces the acquisition of a century-old business that is a leader in the Mexican market. Elis is an international multi-service provider, offering textile, hygiene and facility services solutions, which is present in Europe and Latin America. Following the initial announcement made on 9 March 2022, the Mexican competition authority have approved…
Golding Contractors gets $52mn contract for Pembroke Olive Downs Coking Coal project
SYDNEY, AUSTRALIA: NRW Holdings Limited’s wholly owned subsidiary,Golding Contractors Pty Ltd has secured the rail civil construction contract for the Pembroke Olive Downs Coking Coal project in Quee mynsland’s Bowen Basin. The civil works to be undertaken include a new 19km rail loop for the new steelmaking coal project, including all earthworks, drainage culverts and…
Jindalee Resources commence trading in the US on the OTCQX
SYDNEY, AUSTRALIA: Jindalee Resources Limited announced that its application to join the US-based OTCQX market has been accepted, with the Company’s shares to commence trading in the US on the OTCQX platform under the ticker OTCQX: JNDAFon 5 July 2022. The OTCQX Best Market is the highest tier of OTC Market Group’s market platforms, on…
Schneider Electric finalizes disposal of Russian business to locals
RUEIL-MALMAISON, FRANCE: Schneider Electric has signed on July 3rd, 2022 a binding agreement regarding the sale of Schneider Electric Russia to the local leadership team. Closing of the transaction will be subject to regulatory approvals and satisfaction of other closing conditions. Since 24 February 2022 Schneider Electric has put on hold new investments in Russia and Belarus…